Which of the Following Is Not Considered a Deficiency of the Statement

question 33

Multiple Choice

Which of the following is not considered a deficiency of the statement of financial position?

• A)The amount of discretion in recording some transactions.
• B)The lack of recognition of inflation.
• C)The disclosure of assets and the claims against such assets.
• D)The conflict between relevant and reliable information.

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Definitions:

Marginal Probabilities

The probability distribution of the random variables individually, without regard to any possible correlations between them.

Conditional Probabilities

The likelihood that an event will happen, given the precondition of another event's occurrence.

Joint Probabilities

The likelihood of two occurrences taking place simultaneously.

Marginal Probabilities

The probability of a single event occurring, irrespective of the outcomes of other variables.